Splitit Payments Ltd (ASX:SPT) report merchant sales volume up 260%

Company News

by Rachael Jones

Global instalment payments solution business Splitit Payments Ltd (ASX:SPT), report record growth for the quarter with merchant sales volume up 260 per cent year on year to $65.4 million US – that’s $91.1 million.

They have seen continued strong demand from merchants in key verticals, with new brands accepting Splitit post quarter including Waves, Braun and OCM.

The number of merchants offering Spilit's payment solution increased from 862 to top 1000 in the three months to June 30.

Shares in Splitit Payments Ltd (ASX:SPT) are trading 4.4 per cent higher at $1.43.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.